Morning News Comments 07/02/2015Bankers and economists warn that Iraq be included in the black list and calling for urgent reforms [tlm724] Thanks for posting this Rocky [tlm724] controversy and heated discussions on the real reasons behind the significant decline in the value of the dinar in recent weeks. [tlm724] the elimination of speculation as well as create a state of compatibility between monetary and fiscal policy, [tlm724] warning of the possibility of inclusion of Iraq in international black list in the event does not take the required reforms of the banking sector [tlm724] no doubt ! I've said it before and I'll say it again this is as serious as a heart attack !~~~

[tlm724] noting that the timeframe for the sale of the dollar's status by 75 million dollars a day was an example of blatant interference in the Bank's policy [tlm724] sure was ! [tlm724] one of the important initiatives taken by the bank which is carrying out national development project with the support of $ 1 trillion dinars form of loans for the establishment of small and medium enterprises [tlm724] which is long overdue. [tlm724] thats the under statement of the year ! [tlm724] , "adding that" the dollar selling process means other hand pull the dinar from the market, and this process help the central bank to curb money supply and reduce the resort to printing more currency, which will help in reducing inflation and stabilizing the general level of prices. " [tlm724] the dollar selling process means other hand pull the dinar from the market, and this process help the central bank to curb money supply [tlm724] He continued that "other options such as floating exchange rate policy - or dollar sale directly by the Ministry of Finance, they Options ascertains - especially in Iraq - stability and control of the exchange rate for reasons related to the nature of the circumstances, institutional, regulatory, market and regulatory environment and other ". [tlm724] "accompanying the case of inherited fear of the conditions of the country in the former regime and the blockade paid a lot of hedge what can be exposed dinar, as happened in the nineties. This phenomenon receive an additional burden on the central bank to increase demand for the dollar. [tlm724] all call that the best option is to edit the currency sale restrictions to stabilize prices and filling corruption [tlm724] an option that we put forward in our meeting in the Finance Committee in the House of Representatives in 14/06/2015 from between other options, the Commission agreed with us to pursue this option. [tlm724] or "to be the exchange rate, up a certain percentage in return for scrapping or customs duties and indirect taxes reduction, [tlm724] adding that" the second option is best suited in Iraq to secure revenues and avoid cases of corruption and manipulation [tlm724] indicating that the bank has a problem regarding freedom of movement of funds [tlm724] Iraq is committed to the Convention on the International Monetary Fund since 1945 amended and indicate Article 8 of this Convention to liberalization of the current account of the balance of payments means freedom exports and revenues and conversion returns to work and capital [tlm724] He also Antoine that the tax be levied on goods entering the country, how they are met without entry any goods of the country? Adding that the proportion of the 5 percent fee Kmarkip deducted after the entry of the goods into the country at the border crossing. [tlm724] Banking expert Adel Nouri expressed concern about the inclusion of the Iraq Central Bank in the blacklist stressing the need to take urgent action to avoid it [tlm724] that is basically it, this is a synopsis of the meeting. The actual results and actions are still to be seen ~~~ Iraqi coalition forces demanding cold amnesty law to the Council of Ministers to amend {according to a document the political agreement} [tlm724] draft general amnesty law to the Council of Ministers to amend it in line and what has been agreed upon under the document the political agreement [tlm724] and lead to the creation of a suitable ground for national reconciliation and truth preserve Iraq's unity and achieve security and stability. [tlm724] there is alot riding on this law ! ~~~ Finance Minister meets with World Bank delegation to Iraq to provide a loan of one billion and 700 million dollars

[tlm724] Zebari with the World Bank delegation to Iraq to provide a loan of one billion and 700 million dollars.

[tlm724] The delegation included Robert existence Director of the Iraq Programme and the World Bank team of experts and specialists in the economy and implementation of development programs.

[tlm724] good deal, now put that money to good use !

~~~

Money Laundering Act avoids serious damage to Iraq

[tlm724] He called on the governor in a press statement on parliament to speed up passage of the bill to spare Iraq and put it in the black list, which have serious implications on the international position of Iraq and the national economy, pointing to Iraq a few grace period to enact the law requires to give him a preliminary to pass, to save time

[tlm724] pointing to Iraq a few grace period to enact the law requires to give him a preliminary to pass, to save time

[tlm724] ah ah they got a grace period !

[therealbubbie] and do tell us iraq how long is it going to take to pass that law !!

[soon] Very Happy yes

[tlm724] I'll bet it's not a long grace period !

[therealbubbie] they can pass it in a day ! one day !!

[tlm724] they have themselves backed into a corner here !

The meeting's agenda No. (3) Saturday 4 July 2015 July 4, 2015 The third parliamentary session The second legislative year The first legislative term First, read verses from the Koran. Second: The first reading of the draft law on ratification of the Republic of Iraq to the Statute of the Council of the Arab Peace and Security Act. (Foreign Relations Committee ,For the security and defense committee ), (2 article). Third: The first reading of the draft ratification Istisna'a loan agreement and the law of ratification agency Istisna'a between the Government of the Republic of Iraq and the Islamic Development Bank Convention on the Law. (Foreign Relations Committee ,Finance Committee ), (2 article). Fourth: The second reading of the draft law amending the compulsory insurance of car accidents Law No. (52) for the year 1980. (Finance Committee ,For the security and defense committee ,The Commission on oil and energy and natural resources), (4 items). Fifth: the second reading of the draft Islamic Banking Act. (Finance Committee ,Committee of Awqaf and Religious Affairs ,Legal Committee ), (16 articles). Session start time: one in the afternoon Published: Thursday, July 02, 2015 4:10:54 PMhttp://www.parliament.iq/details.aspx?EvID=18258http://www.bondladyscorner.com/t132982-morning-news-comments-07-02-2015